Sirius XM (NASDAQ:SIRI)‘s stock had its “neutral” rating reaffirmed by research analysts at Credit Suisse Group in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They presently have a $7.50 target price on the stock, down from their previous target price of $8.50. Credit Suisse Group’s price target points to a potential upside of 17.55% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Barclays lowered shares of Sirius XM from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective for the company. in a research note on Tuesday, June 26th. BidaskClub downgraded shares of Sirius XM from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 2nd. Goldman Sachs Group downgraded shares of Sirius XM from a “neutral” rating to a “sell” rating and set a $6.00 target price for the company. in a report on Thursday, June 21st. Macquarie reiterated a “buy” rating and issued a $7.75 target price on shares of Sirius XM in a report on Thursday, June 28th. Finally, Barrington Research upgraded shares of Sirius XM from a “market perform” rating to an “outperform” rating and set a $8.00 target price for the company in a report on Friday, June 29th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $6.72.

NASDAQ:SIRI opened at $6.38 on Tuesday. Sirius XM has a 1-year low of $5.17 and a 1-year high of $7.70. The stock has a market capitalization of $28.12 billion, a P/E ratio of 31.85, a price-to-earnings-growth ratio of 1.67 and a beta of 1.03. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of -4.70.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Wednesday, July 25th. The company reported $0.06 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.06. Sirius XM had a net margin of 14.68% and a negative return on equity of 78.24%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the firm earned $0.04 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. analysts predict that Sirius XM will post 0.25 earnings per share for the current fiscal year.

In other news, EVP Stephen Cook sold 415,502 shares of the company’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $7.20, for a total transaction of $2,991,614.40. Following the transaction, the executive vice president now owns 1,988,300 shares in the company, valued at $14,315,760. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.76% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. V Wealth Management LLC acquired a new position in shares of Sirius XM during the second quarter valued at about $108,000. Burney Co. acquired a new position in shares of Sirius XM during the second quarter valued at about $108,000. OppenheimerFunds Inc. acquired a new position in shares of Sirius XM during the second quarter valued at about $109,000. Verition Fund Management LLC acquired a new position in shares of Sirius XM during the second quarter valued at about $111,000. Finally, Fort L.P. acquired a new position in shares of Sirius XM during the second quarter valued at about $116,000. Hedge funds and other institutional investors own 18.50% of the company’s stock.

About Sirius XM

Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.

Further Reading: Hedge Funds

Analyst Recommendations for Sirius XM (NASDAQ:SIRI)

Receive News & Ratings for Sirius XM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM and related companies with MarketBeat.com's FREE daily email newsletter.